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2. Prices of dwellings in terraced houses remained nearly unchanged in the July to September period

According to preliminary data, prices of old dwellings in terraced houses remained almost unchanged from the previous quarter in the whole country. In Greater Helsinki, prices remained nearly unchanged, while in the rest of the country prices went up by 0.3 per cent. Compared with the corresponding period of the year before, prices of old dwellings in terraced houses increased by an average of 1.6 per cent in the whole country. In Greater Helsinki, prices went up by 2.3 per cent and in the rest of Finland by 1.1 per cent.

Figure 2. Quarter-on-quarter changes in prices of dwellings in old terraced houses

The average price per square metre for an old dwelling in a terraced house was EUR 2,073 in the whole country, EUR 3,219 in Greater Helsinki and EUR 1,693 elsewhere in Finland. These data derive from the statistics on the prices of dwellings compiled by Statistics Finland from the Tax Administration’s data. The preliminary data comprise roughly two-thirds of completed transactions in old dwellings in blocks of flats and terraced houses.

Prices of new dwellings in terraced houses rose by 1.2 per cent from the previous quarter in the whole country. In Greater Helsinki, prices went up by 2.7 per cent and in the rest of Finland by 0.7 per cent. Prices rose by most in Eastern Finland, by 11.2 per cent. Compared with the corresponding period of the year before, prices of new dwellings in terraced houses increased by an average of 5.7 per cent in the whole country. In Greater Helsinki, prices went up by 12.9 per cent and in the rest of Finland by 3.3 per cent.

The average price per square metre for a new dwelling in a terraced house was EUR 2,756 in the whole country, EUR 3,716 in Greater Helsinki and EUR 2,523 elsewhere in Finland. The data are based on the transaction price information of the largest building contractors and estate agents.

Source: Prices of Dwellings, Statistics Finland

Inquiries: Petri Kettunen (09) 1734 3558, Tomi Martikainen (09) 1734 3632, asuminen.tilasto@stat.fi

Director in charge: Kari Molnar

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Updated 28.10.2011